Description
This is a discussion question in my class that needs to be answer. Please cite-in-text with reference
I really want you to know about this "apparent" authority that agents may have. What is it? What is "agency by estoppel"? What liabilities exist for principals if agents misbehave?
Explanation & Answer
Hi! Kindly find your paper attached below. Thank you
Agency
Agency is increasingly becoming a common thing in the business world, with agents
bestowed with authority to act on behalf of their principals. Apparent authority is one of the
authority within the province of agents to act on behalf of the principals. In simple terms, the
apparent authority is the agent’s power...
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